Originally Posted by MrMaxwell

When you buy rental property you have to be willing to put some time in, do your homework, and get into them at the right price. If you're not cash flowing, you didn't do this. It does sound like they would be if you weren't using a mgmt co, though.

When you're only breaking even, what about the vacancy rate? Is that including in "breaking even"? What if a couple of units go vacant for several weeks or even a few months?? What do you do when one needs new plumbing, throughout? Etc ..

I understand that you're more interested in long term appreciation and building long term wealth and probably enjoying some tax benefits... but everything should always cash flow.